152 Avenue of the Oaks - Daufuskie Island

[Brandon Greenplate]

Investment Info:

Single-family residence buy & hold investment in Daufuskie Island.

Purchase price: $1,000,000
Cash invested: $250,000

Purchased the biggest home in all of Avenue of The Oaks which is in the Melrose Community on Daufuskie Island. 6 bed/6 bath - sleeps 20.

I purchased it because the neighborhood (Melrose) is currently under contract by a group called Whitestone, who will be putting 100s of millions into the community. While the cashflow is okay- this is an appreciation play. I am expected to exit within 3 years for 2-3m